Thursday, July 12, 2012

Cheniere Receives $3.4 Billion to Build Facility

Cheniere Energy Partners, LP today received a commitment for project financing debt of $3.4 billion to complete the first two trains of its proposed liquefaction facility at Sabine Pass.  The company had already received a $2 billion commitment from Blackstone, so Cheniere now has raised $5.4 billion towards the project.

The new loan is expected to close before the end of the month, and construction should start in the third quarter of this year with completion some time in 2015 or 2016.  The second phase, also with two trains, is expected to begin construction in 2013 with completion in 2017 or 2018.  (Press release with more information)

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